Golf Clap for Microsemi
Microsemi (NAS: MSCC) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 1 (Q2), Microsemi met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share contracted.
Gross margins shrank, operating margins dropped, net margins grew.
Microsemi tallied revenue of $249.3 million. The 11 analysts polled by S&P Capital IQ foresaw sales of $248.5 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $207.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.46. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.46 per share. GAAP EPS were -$0.06 for Q2 versus -$0.23 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.2%, 110 basis points worse than the prior-year quarter. Operating margin was 6.0%, 720 basis points worse than the prior-year quarter. Net margin was -1.9%, 730 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $258.5 million. On the bottom line, the average EPS estimate is $0.53.
Next year's average estimate for revenue is $1.01 billion. The average EPS estimate is $1.95.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 95 members out of 106 rating the stock outperform, and 11 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Microsemi a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Microsemi is outperform, with an average price target of $26.20.
Is Microsemi the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Microsemi to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.